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closer to switzerland. >> how about eequipped and the middle east? that's another big stressor. >> egypt is a prime case of what i -- let me invent a word here -- gran greenspanization of something. egypt, the policy of the western world was egypt by propping up mubarak to have stability, quote, unquote, was account of greenspan stability we have, that kind of pseudo moderation. things were brewing under the surface and now we pay the price after 40 years of sadat and the other fellow. so now we have to pay the price. what's going to happen? nobody knows. even the players don't know. we still don't know. i don't think it is going -- we're going to move to democracy overnight. we're going to have turmoil. i don't know what's going to happen but that's identical to the trying to eliminate overstabilization of something makes it weaker. that's what we have in egypt. >> the key message is you need volatility, you need stressors in the system, and you need companies and you need markets who can survive those stressors and thrive by them. >> exactly. we need to encourage people to take certain
the potential to destabilize the entire region. >> absolutely. it is so interesting to watch the new egypt emerge here and see what their role will be throughout this and in the future. thank you, john. >>> let's look at where the markets stand right now. it is a good checkpoint here at about two minutes past 1:00 eastern time. industrials up 48 points at 12,835 and change. nasdaq higher by .5%, 2,924. s&p up 2 1/2 points at 1 $1,390.32. gold at $1,731 an ounce. oil moving a little bit higher. the january contract at $86.97, up 22 cents. brent crude at $109.93. michelle? >>> another international note on a store out of europe that we continue to watch as well. there are reports of a deal to release emergency aid to greece could come monday. we're also learning today the european central bank is satisfied with a plan to recapitalize greek banks. that's going to be a key part of any kind of international bailout to get that country back up on its feet. >>> now to shopping an retail. of course it takes center stage this week. before we get to what retailers are hoping for, fearful of, and pro
kinds of fuel. the organizers, the muslim brotherhood. that's the same group that took power in egypt and the group that gave birth to hamas. jordan is still ruled by king abdullah. the muslim brotherhood has made it clear they'd like him to go. >>> we got a nice rally under way here, bertha. >> nasdaq 100, qqqs are the best performers today and among the best advancers is green mountain coffee. of course this is a huge short position. some 39%. this looks a little bit like a technical rally here. the company's stock has moved above its 50-day moving average. it's been just below that over the last couple of weeks and about $1 above that now. >>> red states versus blue states. is your town a state about to fall off the fiscal cliff? steve leisman has the maps that will show us which states and counties stand to get hit the hardest by potential federal spending cuts. everything is bigger in texas. including the strategy for taking down this building. we'll show you what happened when the engineers pushed the plunger. that's next. >>> if congress drifts u.s. economy off the fiscal cliff
on the network was with egypt and israel you're not going to interrupt the flow of oil, and therefore it isn't an oil event and therefore arguably not a market event. >> it may not be an oil event but i think it is clearly a global event that's going to cause investors to get nervous. what people get nervous, the first thing they want to do is feel safe. they want their money. >> kenny, we'll get back to you in a minute. >>> this one's going to cause a lot of outrage, i promise. the nation heading toward the edge of that fiscal cliff with sky-high deficits. while there's talk of cuts, cuts, cuts, a new report out today on waste in the federal government. eamon javers has details in washington. eamon? >> well, the new report is out from senator tom coburn, a republican from oklahoma up on capitol hill. in the report he accuses the department of defense of really becoming the department of everything. he says the pentagon's wasting a lot of money and he's found examples in the pentagon spending money on things like a study for a question of did jesus die for cling-ones, too. they've sponsored
Search Results 0 to 3 of about 4